280 Knotting Hill DrSpringvilleIN47462
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Springville at 280 Knotting Hill Dr, Springville, IN, 47462 earns from $2,777/mo rent with a $2,348/mo payment. Total monthly income totals $2,777/mo. ROI tracks 19.13% on current figures, and rental yield reads 6.95% at a $479,750 purchase. Equity gained on principal adds $3,096/yr, and 5% annual appreciation supports $132,546 over five years. Five-year ROI reaches 98.46% and total cumulative return in cash sums $156,586. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,777/mo property income instead of your personal income.
Single Family
Built in 2019
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47462, Springville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 1,864 (82.8%) |
| Renter Occupied HU | 230 (10.2%) |
| Vacant Housing Units | 156 ( 6.9%) |
| Median Home Value | $254,428 |
| Average Home Value | $300,248 |
Housing Distribution
Address Breakdown
Residential
2,018
Single Family
2,018
Multi-Family
0
Businesses
47
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bethany Kempf • eXp Realty, LLC
Mls Name: IRMLS
Mls ID: #202601554